RBNZ governor Wheeler to speak on macro-prudential policy at 0200GMT

How’s that for a riveting headline?

What a zinger. Upworthy here we come!

• We got the heads up yesterday from the RBNZ, the subject of the speech is: “Explaining the role of macro-prudential policy.”
• The speech should contain details on the size & timing of pending speed limits on high LVR mortgage lending to help combat the surging Auckland housing market, which poses inflation risks if it is let go unchecked
• The RBNZ wants to use alternatives to hiking the OCR (Official Cash Rate), they don’t want the NZD to be any more attractive to yield chasers, nor to subject households & business to higher interest rate costs